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Wells Fargo should be able to digest Wachovia portfolio
By Dan Haugen | Published Mon, Jan 5 2009 10:51 am
Wells Fargo has a reputation for conservative lending. So what happens now that the bank has swallowed up Wachovia Corp. and its toxic assets?
TheStreet.com says it shouldn't slow down Wells Fargo. Credit agencies see an increased short-term risk, but in the long run, Wells Fargo should be able to absorb any credit losses.
One analyst notes that Wells Fargo has a distaste for exotic loans and the risk will fade as Wachovia's portfolio expires.
Business | Mon, Jan 5 2009 10:51 am |
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